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Exceptional Coders | Innovative Technology

Outsource Your Coding Reason 1 of 10: ICD-10 Experienced Coders

Posted by Ben Castleberry on Jun 21, 2015 1:31:00 PM

This is post 1 of a 10 post series on the top 10 reasons you should consider outsourcing your coding.

ICD-10 is coming! Are you ready? The October 1, 2015 deadline is approaching quickly

 and to add to the mayhem the nation currently has about a 30% deficit of ICD-9 medical coders. But what about ICD-10 coders? Currently, medical coders using ICD-9 spend an average of 12-15 minutes per chart with a turnaround period of about 69 days. Once the implementation of ICD-10 occurs it is estimated that coders will spend an average of 33 minutes per chart with a turnaround period of about 139 days. Time lost means revenue lost. Without extensive preparation, the ICD-10 implementation will ensue losses for providers and physicians nationwide, not to mention the sky-rocketing of denied claims.

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Topics: ICD-10, Top Reasons to Outsource Medical Coding, Experienced Medical Coders